Millions of UK households will be affected by an increase in the energy price cap set by regulator Ofgem. Winter energy prices are expected to reach a three-year high.
Fed Chairman Kevin Warsh cut the post-meeting statement from 341 words to 130 and removed all mention of future rate cuts. The change may signal that higher-for-longer rates are likely to persist.
Job site Adzuna reported that graduate job vacancies have fallen to their lowest level since 2016, a nearly 50% drop year-over-year. This signals a challenging job market for new graduates.
Nine individuals, including an Nvidia employee, have been charged in a Taiwan chip smuggling case. The charges relate to illegal export of advanced chips.
Gilead Sciences announced that the European Commission has approved Trodelvy in combination with Keytruda for certain breast cancer patients. This is a regulatory approval for a drug combination.
UK stocks gained modest ground in cautious trade ahead of Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium and the Trump administration's announcement of fresh economic sanctions on Iran.
A Lumentum VP sold 12,566 shares with an estimated transaction value of about $10.7 million based on a weighted average price of $851.01 per share. The article discusses implications for long-term investors.